Grant County Federal Credit Union v. Hatch

In this foreclosure proceeding, defendants 1 appeal, assigning error to the trial court’s granting summary judgments to plaintiff Grant County Federal Credit Union and to third-party defendant Department of Veterans’ Affairs (DVA). 2

Defendants borrowed funds from DVA for the purchase of a farm and home and executed a promissory note secured by a mortgage on the property. They became delinquent in their payments and, on November 13, 1986, DVA notified them that, if they did not bring the loan current by February 13, 1987, the loan balance would be accelerated. Defendants did not cure the…